Trustmark (NASDAQ:TRMK – Get Free Report) posted its earnings results on Tuesday. The financial services provider reported $1.00 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.00, FiscalAI reports. Trustmark had a return on equity of 10.69% and a net margin of 20.75%. The firm had revenue of $212.26 million for the quarter, compared to analyst estimates of $215.04 million.
Trustmark Stock Down 0.2%
Shares of TRMK traded down $0.10 during midday trading on Tuesday, reaching $46.12. The stock had a trading volume of 324,112 shares, compared to its average volume of 394,309. Trustmark has a 1-year low of $36.41 and a 1-year high of $49.00. The company’s fifty day simple moving average is $45.90 and its two-hundred day simple moving average is $44.63. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 11.71 and a beta of 0.66. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.89 and a quick ratio of 0.87.
Wall Street Analyst Weigh In
A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Trustmark from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 16th. Piper Sandler raised their price objective on shares of Trustmark from $45.50 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of Trustmark from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Friday, August 14th. DA Davidson lifted their price objective on shares of Trustmark from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. Finally, Wall Street Zen raised shares of Trustmark from a “sell” rating to a “hold” rating in a research note on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.
Read Our Latest Analysis on TRMK
About Trustmark
Trustmark Corporation (NASDAQ: TRMK) is a financial services company headquartered in Jackson, Mississippi. Through its principal subsidiary, Trustmark National Bank, the company provides banking, wealth management and insurance services to individuals, businesses and institutional clients.
Trustmark’s banking activities include deposit accounts, consumer and commercial lending, mortgages, treasury management and other financial services. Its wealth management business offers trust, investment management, financial planning and related services, while its insurance operations provide personal and commercial insurance products.
Founded in 1889, Trustmark serves customers through banking and financial services operations in Mississippi, Alabama, Florida, Tennessee and Texas.
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